Investment Properties - For sale - Dublin
- The passing total rent is €85,000 per annum.
- The lease has an unexpired WAULT of 9.8 years and expires December 31st 2028.
- Guiding excess €1,100,000 (subject to contract) for the subject Investment which equates to 7.12 % based on current rent and allowing for standard purchaser's costs 8.46%.
- We are advised the property is held long leasehold.
Located on the southern side of Talbot Street just east of the junction of Talbot Street and Marlborough Street. Talbot Street is a busy pedestrian thoroughfare which links O'Connell Street / North Earl Street with Amiens Street. The area around the property boasts an eclectic mix of occupiers whilst being easy reach of O'Connell Street and Henry Street, one of Dublin's principal shopping locations.
The property comprises of a ground floor retail unit extending to 186.16 sq.m (2,004 sq.ft) with 6.2 metres of frontage onto Talbot Street.
The property is laid out as an open plan retail unit with stockroom and ancillary accommodation to the rear.
The property is let on a 35 year lease to First Choice Land Ltd (trading as Tui) since January 1st 1994 and allows for upward only rent reviews.